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to these inner cities, especially like detroit, where people simply don't have skills, they don't have opportunity. their schools are falling apart and sort of a growing, growing, growing. it's not getting better. how would you change that? >> probably, look, this is not a new problem. it's been going on for many, many decades in this country. we have cities that have been bad for years and years and they've done tax incentives, work programs and all sorts of things. nothing seems to happen. detroit is a very good example. i mean, detroit is a disaster area, there's no question about it. what happens, we'll have to see. perhaps you do the tax savings, perhaps you do tremendous incentives to businesses going into detroit and you instead of paying a big tax, which of course we're one of the most heavily taxed countries in the world, you don't pay tax. you pay very small taxes. you do something to get detroit and other cities like it. detroit is emblematic. you have many, many cities. i could name them but i don't want to embarrass people. you have many cities in the same situation as det
stepping in to help reorganize detroit? i think it's a hell of an idea. i think they ought to do it. we saved the automobile with a loan the same thing can be done with the city of detroit. i do not like what's happening in detroit as far as all the privatization and the gutting of peep's jobs and public services. i mean, basically what has happened in detroit is that a local election has been said, you know, you really don't count. we're going to put in an emergency manager and forget it. it's over. is that america? i don't think so. i think the federal government should write a check to detroit. i think the federal government should do those kinds of things to all municipalities having trouble. why not? it's in our country. and it can get paid back. i believe in workers, i believe that detroit can turn it around. our next question is from anita. why are the gop -- why is the gop talking impeachment when president obama has done nothing wrong because they have nothing else. and they do believe they can ginn up enough fear and enough enthusiasm to get people to believe this is something
, that will be the best one. that will be a fascinating interview. >>> detroit ace bankruptcy just last month made it the largest u.s. city to go bust but that will look like nothing if chicago goes under as well? really? so could the the windy city be e next detroit? jeff flock tells us why investors should be concerned. ♪ [ lighter flicking ] [ male announcer ] you've reached the age whe giving up isn't who you are. ♪ this is the age of knowing how to make things happen. so, why let erectile dysfunction get in your way? talk to your doctor about viagra. 20 million men already have. ask your doctor if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. side effects include headache, flushing, upset stomach, and abnormal vision. to avoid long-term injury, seek immediate medical help for an erection lasting more than four hours. stop taking viagra and call your doctor right away if you experience a sudden decrease or loss in vision or hearing. this is the age of taking action. viagra. talk to your doctor. l
may be bad for this man, michael dell. cheryl: plus, is new york city headed the same way as detroit? we're going to dig into the rising concerns over the big apple's fiscal health. david: we want to hear from you as well about today's action, do you believe today's market slide will cause the fed to delay its tapering? they're so concerned about market action these days. is that what's driving the fed? your answers, log on to facebook.com/afterthebell, let us know what you think. ♪ ♪ [ male announcer] surprise -- you're having triplets. [ babies crying ] surprise -- your house was built on an ancient burial ground. [ ghosts moaning ] surprise -- your car needs a new transmission. [ coyote howls ] how about no more surprises? now you can get all the onli trading tools you need without any surprise fees. ♪ it's not rocket science. it's just common sense. from td ameritrade. it's just common sense. we replaced people with a machine.r, what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't leyou talk to a real person 24/7, you need an ally. hell
with the gruff stuff include oakland, new haven, detroit, atlantic city and l.a. hmm. meanwhile, the friendliest city in america is all of the south. actually five of the top 10 are southern including charleston in savannah. fun fact, i have never been to charleston, especially in the late 1990s when all of the male escorts went missing. can't emphasize that one enough. anyway, speaking of rude. >> oh, and animals are mean to other animals and it makes humans look a little nicer. >> that cat suffocated. >> suffocated with hilarity. >> but then dies. >> yes, dies -- >> you can't prove that. >> it died of laughter, ambassador. i have an issue with this friendly versus unfriendly thing. and i was hoping you could give me a nonnonsense cal answer and you don't just babble. they are saying friendly, not friendly. isn't this code for something else? >> it is code for this is a sham because they are jerks everywhere. >> you are missing my point. >> my question is don't they mean something else when you look at the list? >> it means that this is a travel survey and the city is probably, and i don't know
, the vast example currently is what is happening in detroit. detroit is the city with the largest african-american homeownership rate in the country going into the crisis. now undergoing the largest municipal bankruptcy in u.s. history, 100,000 homes were foreclosed on. one-third of all african-american homeowners had been forced out of their homes since this crisis began. so what we're seeing is a mass displacement. we're also seeing these foreclosures spiral that are reverberating into other issues. things like school closures that we're seeing in chicago and philadelphia. things like hospitals, senior centers effected. >> michael: there are people who fought the banks and people who won. tell us about bertha garrett in detroit, the city we were just talking about. >> sure, i would be happy to. bertha garrett, when i went to meet with her a year ago was a 65-year-old grandmother, deeply religion, born in alabama. she and her husband had lived in their home in detroit for 22 years. she became ensnared in a predatory loan when a sleazy mortgage company lied to her and convinced her to tak
be the next detroit. coming up next, what he says could put the city on a path to bankruptcy. and her husband made the ultimate sacrifice. why the wife of an arizona firefighter killed in the line of duty is fighting for benefits. any last requests mr. baldwin? do you mind grabbing my phone and opening the capital one purchase eraser? i need to redeem some venture miles before my demise. okay. it's easy to erase any recent travel expense i want. just pick that flight right there. mmm hmmm. give it a few taps, and...it's taken care of. this is pretty easy, and i see it works on hotels too. you bet. now if you like that, press the red button on top. ♪ how did he not see that coming? what's in your wallet? ♪ the middle of this special moment and i need to run off to the bathroom. ♪ i'm fed up with always having to put my bladder's needs ahead of my daughter. ♪ so today, i'm finally talking to my doctor about overactive bladder symptoms. [ female announcer ] know that gotta go feeling? ask your doctor about prescription toviaz. one toviaz pill a day significantly reduces sudden urges and
. is chicago the next detroit? we raise this question before, why the problems plaguing the windy city could lead down the exact same road. ♪ with fidelity's options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity options... evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens, and i helped create fidelity's options platform. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. folks have suffered from frequent heartburn. butetting heartburn and then treating day after day is a thing of the past. block the acid with prilosec otc, and don't get heartburn in the first place. [ male announcer one pill each morning 24 hours. zero heartburn. do you min grabbing my phone and opening the capitaone purchase eraser? i need to redeem some venture miles before my demise. okay. it's easy to erase any recent travel expense i want. just pick that flight right there. mmm hmmm. give it
detroit going bankrupt, mustafmustafa. what kind of effect do you think detroit going bankrupt will have on the industry? >> very little. detroit as a city is quite separate, you know, from the auto industry itself. all three of the detroit-based companies are global companies and, you know, much of our sales are obviously outside detroit in the states and around the world. so the direct impact on the industry will be quite, you know, minimal, but the people that work for gm live in detroit and obviously that's an area of concern for us, but, you know, from the perspective of auto sales and the performance of the industry and its employment, you'll not see much of the impact if any. >> we'll leave it there. thank you so much. we'll see you soon. >>> coming up next, what does the earnings report mean for ben bernanke. former fed governor randall kroszner will give us his take. >>> then he was once the richest man. iky batista has lost some $33 billion in 16 months. we'll find out what happened. >>> then millions of time warner customers are less than an hour away from losing all cbs progr
like detroit or even something bigger like the credible growing class of poor people? >> well, what you want to do first? >> either. take your pick. >> okay. detroit, the first thing i would do is analyze what really happened there. why did it go wrong? there's some obvious things. the city had been run by democrats unchecked since i think the last republican mayor was 1957. okay? you've had -- that town has been a petry dish of everything the democrat party stands for. everything the democratic party loves. massive unions, massive pensions, pay people pensions and health care long after they've stopped working. the math doesn't add up. you have massive welfare states where citizens are given things left and right in order to buy their votes. you have no opposition whatsoever. then in the case of detroit, you throw race into the mix, and you bring on mayor coleman young who causes riots in 1967 detroit and mayor young caused a white flight to sub suburb-ia and detroit is left with nothing but liberal democrats running it. it is what it is. any place in this country that has similar circ
, of course, his appeal. the biggest names on the list of 12, as you call it, jhonny peralta of the detroit tigers, that's big. the starting shortstop for the tigers. and, by the way, they are leading the a.l. central leader. nelson cruz, all-star player for the texas rangers. but everybody trumped by alex rodriguez, highest paid player in major league baseball, suspended for all of this year and next year. still owed $86 million by the yankees in the remainder of his contract, and what makes this story have a little more sizzle on this day, is the yankees are playing in chicago this evening. a. rod is expected to take the field for the yankees unless we hear otherwise this evening in chicago. we'll have more on this story for the remainder -- throughout the remainder of this program and the "closing bell" at 4:00. but let's get back to our discussion with the market guests, as we focus on this monday in august on wall street. again, josh brown was with us, as is rick santelli, kyle harrington, and anton bear from up capital. anton, to you, what do you make of where we are in the market? wh
for you. the first part is we notice as we speak detroit is going bust now. the first part of the question is what cities are having a renaissance you are talking about and why do you think that is and what cities are not? >> guest: our city stories the tale of two cities. the detroit story is sort of separate. one of the things that is lost in the discussion about detroit and our cities is the city's economy and fiscal health are oftentimes two different things. if you look at new york city new york is thriving by any definition. if you look at neighborhoods like the meatpacking district. in the 70's or 80s he wouldn't be caught dead there now looks like a casting call for the bachelorette. there are so many 20 somethings on the weekend that it's the place to be. new york is like an amusement park in many ways were the economy is doing very well. new york has fiscal problems too. many of the problems that detroit has. detroit, some of the rust belt cities are still adjusting to a massive shift in the economy from an industrial-based economy and a number of other things are happening there
-part question for you. the first part is, we notice as we speak, detroit's going bust. so, the first part of the question is, what cities are having the problems you're talking about and why do you think that is and then what cities are not? >> guest: our city story is a tail of -- tale of two cities and the detroit story is separate. one thing that is lost in the discussion about detroit and our cities is that cities' economies and fiscal health are often times two different things. you look at new york city. new york is thriving by any definition. you look at neighborhoods like the meat packing district, in the '70s and '8ss you wouldn't be caught dead there now it's so many 20 somethings on the weekend, the place to be, and that would have never happened before. so new york is like an amusement park. the economy is doing very well. but new york has fiscal problems, too. many of the same fiscal pension problems that detroit has. so those are two different things. detroit is some of the rust belt cities are adjusting to as massive shift from an industrial economy to service economy. othe
in the detroit bankruptcy story. we have that and other headlines of the day just ahead on "the kudlow report." please stay with us. [ female announcer ] what if the next big thing, isn't a thing at all? it's lots of things. all waking up. connecting to the global phenomenon we call the internet of everything. ♪ it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. we're going to wake the world up. and watch, with eyes wide, as it gets to work. cisco. tomorrow starts here. (announcer) at scottrade, our clto make their money do more.re (ann) to help me plan my next move, i take scottrade's free, in-branch seminars... plus, their live webinars. i use daily market commentary to improve my strategy. and my local scottrade office guides my learning every step of the way. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade... ranked "highest in customer loyalty for brokerage and investment companies." and then another. and another. and if you do it. and your friends do it. and their friends do it... soon we'll
. appreciated. >> detroit is now the largest u.s. city to file for bankruptcy it cannot match it -- manages self. >> were at the end of the road. we can borrow any more money. john: detroit was -- now in such a wreck. >> for $1,500 you could buy this house. john: for years politicians promised that they would fix detroit. >> detroit show again become the great city that is its destiny. john: instead. >> they turned city hall into a den of bribes and kickbacks making themselves rich. john: is there hope for places like detroit? >> it will turn around the city of detroit. >> the motor city. this is will we
hits in mid-air. now what is happening, he's in detroit in training camp doing really well. he hit 11 of 11 so far in scrimmages. they are looking at him very closely. >> i have to ask a stupid question. the distance he's kicking, 50 yards how does that compare to an nfl kicker? >> he hit 60-yarders. >> is that good? >> almost every nfl kicker can make it from the 50s. it's how consistently. >> six 50s. he hit -- the current detroit punter has hid a 63 last year. so that's the question whether the existing punter can actually do better. >> we'll see how he goes. >> but he's doing well. >> good for him. >> this is clearly a panda bear story. >> this is about as deep as i can get and intense. >> let see what it looks like to be a polar bear. >> a polar bear not a panda bear. >> they put a pro camera on him. >> i want to know how who is brave enough to strap a camera on the polar bear. >> the whole point is they want to test this. eventually they want to put this on a real polar bear in the wild so they can study the habitat. >> got to run. "way too early" starts right now. >>> our natio
on all of that will set coming up. >> it is moving quickly in detroit's bankruptcy case. a judge is holding a hearing to set an aggressive timeframe for hearings and deadlines. a key issue is whether the city is eligible for qualify for bankruptcy protection. the judge said any objections have to be filed by two weeks from monday with a hearing on the issue in october. detroit's troubles are because of corruption, financial mismanagement, the auto industry collapse, and the dramatically shrunking tax base as people move out. the city has long term debt of $18 billion. >> a southern california woman is recovering this morning after a frightening shark attack in hawaii. retired schoolteacher was snorkeling on maui on wednesday and 30' from shore in water only 10' deep when she was bit. >> i didn't see it coming or see it going. the doctor in the e.r. things according to the bites and where they are it was probably 25' shark. that was his guess. >> she ran to the beach screaming for help and she has bite marks on her back and bruises across her stomach and is expected to recover i.
children, as well. >> america's motor city working to start up for recovery. detroit becomes the largest city in the country to file for bankruptcy in u.s. history. this after a steady drop in population and decline in tax base for the past several decades. now the city is sitting on $18.5 billion in debt. >> one of the things that i want to say to our citizens is that as tough as this is, i really didn't want to go in this direction, but now that we are here, we have to make the best of it. >> detroit's murder rate is also at a 40-year high, and the population is at a low of 700,000. pope francis makes his first trip overseas since becoming pontiff, presiding over world youth day in rio de janeiro, bringing in millions of young catholics from around the world to attend the event that happens every two years. the pope, who has spoken often of concerns for the poor, will tour a shanty neighborhood and speak to business and political leaders. for "teen kids news," i'm laura ingle, "fox news channel in the classroom." >> imagine trying to find your way in a new country when both the languag
in detroit right now is cheap. you can buy a house there if you want, but no one wants to right w. all right. so go elsewhere. >> all right. is part of the solution credit? >> i thought that was how we developed alaska, incentivizing people out there. but the government's had a role of developing this country. the private sector is strong enough now to hale the for profit housing market. there is a way to make money from a lot. there's all of these funds that are buying dilapidated properties. however, when you have a situation that's uneconomic where there is no free market solution, that's when it becomes the role of government. when you've got a house that's dilapidated, it's not going to go away if it's worth nothing like in detroit, for example. otherwise it's like a manmade disaster like a dust bowl. we have to fix up our own mistakes we made. >> okay. john, you've heard it all. >> frannie and freddie are going away, why aren't you celebrating? >> i was just in france, and, believe me, they like texan wearing cowboy boots as much as i like them right now. we're pretty much even. the pr
. girardi gets the boot. >>> some good news for detroit, the tigers win 3 out of 5 from kansas city with their 6-3 win yesterday. detroit pitcher matt scherzer now the season's first 18-game winner. >>> screenerena williams in a r loss. victoria azarenka rallying to win a three-set squeaker. rafael nadal not phased by weather. johnny isner serves. he overcame a knee injury early, now nadal is an u.s. open favorite. >>> patrick reid gets his first-ever pga tour victory. what does he do? why not? kiss the caddie. right? it's also his wife by the way. >>> nascar sprint cup michigan 400. joey logano led the most laps but not at the end. he passes mark martin who was trying to stretch gas without a pit stop. didn't work. logano gets the win there because he ran out of gas, not loga logano, but martin did. >>> anything that floats reget that in key largo. boats may only be made of household the items. they're using bubble wrap, plastic coffee jugs. the winners said they found help for their design online. that's the winner right there. >> something else now to use your bubble wrap for. >>
beating by the detroit lions. tom brady passes and it's a fumble. detroit snatches the ball close to the five. in the second quarter, brady throws a pick straight to chris houston. lions win, 40-9. yikes. >>> to the ravens and panthers. check out this incredible punt return for the 54-yard touchdown. ted ginn jr. then joe flacco throws, oops, interception, for a touchdown. panthers win, 34-27. >>> you see that shirt rg3 is wearing? it cost him 10 ground. griffin was fined during warm-ups for apparel violation. they are required to wear approved apparel for their respective teams. >>> and in baseball, milwaukee brewers ryan braun released a statement apologizing for using banned substances. he admits taking performance enhancing drugs during his 2011 national league mvp season. >>> on to the rockies and phillies. impressive catch by philadelphia's darryn rush. check out that focus and athleticism. phillies win, 5-4. >>> in pga golf, the barclays tournament, so something you definitely don't get to see every day. scott brown's ball bounces off a bridge and rolls onto the green for a
concerns, central michigan towards flint. that will travel towards detroit. it's raining pretty good towards the cape, boston, providence, newport. it's starting to end in hartford. again, southern new england, you'll have a little bit of rain to deal with and we'll clear it out. forecast, little bit of wet weather in the northeast. not a bad day. the middle of the country, brian, there's people in schools, high school kids on football fields. it's still 95 to 100 from texas to minneapolis. >> hydrate, be safe. >>> coming up on the top of the hour, "morning joe," a team is back, willie, barnacle, mika, joe. the white house is weighing its actions to chemical weapons and use in syria. what's on the table and what could impact that decision. when we come back here, we have the cooler. canadian reporter advocating women's rights and she's not afraid to show a little skin to make her point. we'll be right back. [ whispering ] uh! i had a nightmare! the house caught fire and we were out on the streets. [ whispering ] shhh. it's only a dream. and we have home insurance. but if we made a cl
to take advantage of that. today, the final day for organizations to file objections to detroit's bankruptcy filings. they must find that the city is insolvent and has negotiated in good place with creditors. if detroit is deemed eligible, it will be the biggest case in u.s. history. lori: in the meantime, president obama getting back to business. meeting with financial regulators about implementing dodd-frank peter barnes has the very latest. peter: that is just one of the latest things he has on his plate. very busy with things like egypt and syria. the president would like to keep the focus on jobs and the economy. foreign-policy issues may not let him do that. he goes on a two were later this week. congress is out on its regular august recess. he has a megaphone right now and he needs to use it while he can. >> every president in their second term, lame ducks get closer every day. the president is walking a fine line of where he is in that timeline. peter: the end of the fiscal year is september 30. they have not worked out a deal to fund the government. they are looking at
francisco, atlanta, even detroit. bucking that trend are the not so hot markets in orange, cleveland, even wr -- where i am in new york. we have been asking you how much does your confidence in the economy effect your spending habits samantha says . . . joe like a lot of you agrees with samantha . . . tell me what you think by tweeting me @ali velshi, or leave us a comment on facebook. let's get back to one of the biggest influences on how you feel on the economy. and that is your home. the influential s&p, case schiller index is showing a decline on how fast home prices are rising. i want to explain that what means, and there's no better to do that than one of the men who's name is on that index. he is a best-selling author, and correctly predicted the housing market collapse. professor schiller thank you for being with us. i have tried as i often do to interpret the report. give me a grade. how did i do professor? >> well, pretty good. i think it's hard to interpret markets that are basically speculative. they don't tie up necessarily one to one with the confidence indexes. >> yeah, and
in sports, the as works in detroit trying to make it two straight wins over the tigers. and the giants, a couple of home runs early. could they hang on against the rockies? and the astros. the most profitable team in baseball history? i will have that story for you later in sports. unbelievable. shhhhh! in our day, we didn't have u-verse high speed internet. yeah, our babysitter didn't have a million ways to serve mom up on a silver platter. we had to count sheep to fall asleep. and i always worried that i was creating an overcrowded sheep farm. in my head... never looked like that farmer took proper care of those sheep. too much? a little. [ male announcer ] connect all your wi-fi-enabled devices with u-verse high speed internet. rethink possible. >> the temporary shut down of the bay bridge is almost here. now less than one day left until the old span is closed for good. a moment of bay area history really. here is what you need to know during the temporary closing. all lanes in both directions will close at 8:00 p.m. tomorrow night, august 28. workers will then make the transition f
are in the studio. are detroiters making a come back? ♪ all about detroit. we are focusing on the real challenge tonight. >> the future, and who is doing to benefit. our community always has opinions and also activity is
in san diego. everybody in the american league is chasing the red hot detroit tigers. a double to the gap part of a 10-3 tigers win. 12 wins in a row. detroit with the best record in the american league. opening round in the pga championship, golf's final major of the year, tiger woods shooting for u.s. first major title in five years. tiger is six shots off the lead and one of the leaders is gym fuhrer. five under par, 65 for fuhrer. more on the ravens tomorrow, hoping everybody was healthy hoping everybody was healthy after hundreds of miles for hiking...or biking. endless rivers and streams ready to take your breath away. and more than enough wineries to please every pallet. we're ready to make your new york state vacation perfect. there's never been a better time to vacation in new york state. plan your vacation at iloveny.com it gets more and more entertaining every day. and once you've got verizon fios, that's when you get it -- how 100% fiber optics takes your entertainment to ridiculous levels. i was streaming videos, movies, music. once i realized how fast it was, that's when i g
the detroit lions. >> brian: next week we are at minnesota at chicago. the minnesota vikings to the open the season on the road in the division. they could pull that one-two punch. boy, that makes them the team to beat in the nfc north. >> thom: i want to look at how your power rankings shape up. that's as competitive a division as there is top to bottom. one through four. of any of the entire nfl. i mean, really the afc north. >> brian: how good is the green bay packers? aaron rogers. you have uh to have them there. minnesota, the question is christian ponder. mark trusman. where are the detroit lions? will they revert to the playoff form of two years ago or struggle like last year? >> thom: a lot of people are surprised. maybe i'm the only one. that you have green bay that highly rateded. >> brian: aaron ronlers is the best quarterback in the nfl for my money. i think they have help with lacy. the running back, jonathan from -- >> thom: alabama? >> brian: no, no. franklin, excuse me. jonathan franklin. this is going to be a team to deal with. >> thom: we'll look at the afc north when w
, commerce member conyers, about detroit and the declaration of bankruptcy. do you feel the federal government should bail out detroit? >> well, i don't know if we are in a position to do that. what we're doing in the michigan congressional deliberation a wholeic is looking at list of programs that would assist to troy it what we are china determined is whether we have -- to assist detroit, we are trying to determine what we have received and second, whether there is any possibility of an a fitting from them. the thing we're most concerned about is protecting the pensions of those people who have worked .0, 40 years for the city fortunately, pensions are constitutionally protected in the michigan constitution. again, we have bipartisan support. the attorney general of michigan, a republican, has come out in support of protecting the pensions. so we are down, but we aren't out read we will rise again. >> thank you both for being with us, republican congressmember thomas massie of kentucky, elected in 2012. dinner credit commerce member john conyers, ranking member of the house judici
a little tiresome. it hasn't worked for four years. think detroit. >> thinking detroit, we're going to take up that issue later here in the broadcast with a congressman who wants the federal government to step in, do you think that that is going >> the house of representatives and the senate are not going to allow the president to throw american taxpayer money at detroit or other failed cities. detroit has had decades of warnings. they were spending too much, regulating too much, driving people out of the city, governing poorly. they didn't care, they thought they would be bailed out, they thought other people would pay for their mistakes and the answer is no. enough cities and many states have begun to turn themselves around on unfunded pension liabilities and civil service costs. those states, utah and wisconsin and new jersey and louisiana, those states are not going to loot their taxpayers to pay for cities and states that didn't do anything to take care of themselves. not happening. >> and let's turn now to immigration. word out today, breitbart.com reporting they have corroborating so
that detroit is in but not that far from it and the way they are looking to get money is by grabbing it from the suburbs and that's what they try to sneak in and that is in the right way to do things openly talking about supporting this issue and having a public debate and then the vote is fine with me. >> i'm from the university of missouri columbia and right now i am working to advocate against and hoping to stop common core. what is the detriment facing the common core? >> first i think it involves a dumbing down. common core advocates say we are actually raising the standards for a certain number of states. that is true that the idea is to find a kind of middle ground that you can pull the lowest performers up to but also effectively lowers the standards for the rest of the country. it sounds crazy when you tell people this. why would anyone want to lower standards and the reason, again i think it is a misplaced idea of equity and fairness that there is some sense that too many people who have a certain amount of money were litany certain place are getting into swap more and how we chang
of compensation, rights, responsibility. not just some. >> you know, lee, in detroit where they just filed bankruptcy, they are actually talking about messing with people's pension. that the autobillionaires companies got bailed out and they're talking about taking workers pensions. and people want to know why we're marching? >> the retirees pensions in detroit average $19,000 a year. yet they want to attack the workers, they want to attack retirees. we've got to say no. we are not going to let that happen. they are using workers as scapegoats. that's one of the reasons we're out here tomorrow and we're going to be here until we're able to fight successfully for workers rights all over this country. it is a shame that folks would go after a retiree who makes $19,000 a year expecting they can sacrifice more. we've got to say no to that, al. all of us. our communities, our coalition partners, labor unions. we've got to say that's unacceptable in the richest country on the face of the earth. >> dennis, the speech we all remember was "i have a dream." but the person who called this march 50 ye
in detroit. let's bring in now, former governor of pennsylvania, and nbc news political analyst, ed rendell, also editor in chief of "parade" magazine maggie murphy. the latest issue of "parade" is a labor day report on putting america back to work. let's jump right into it now. manufacturing is returning, about five, six, seven years ago, you start ed realizing tha the cost of producing products in china were going up, the labor prices were going up with fuel costs up, shipping costs a lot more, companies in america started reorganizing. yesterday an extraordinary story about the uaw and ford joining arms, locking arms, 20,000 new jobs coming to detroit right away. i mean, things are really turning around. and you look forward over the next decade, it speeds up. we've got an energy boom coming. the likes of which we haven't seen in 100 years. it's going to get much cheaper to make products in america. >> it's going to get cheaper and the other thing along with companies and sort of the economics that it's good to grow some stuff here, consumers now connect by u.s. products, u.s. jobs. down
of the texas rangers. a big one as well. jhonny peralta, detroit tigers. a great job. another name you have to look out for. could impact the team. and then everth cabrera. another up and coming, all-star caliber player, another guy that could be on the list. several others on the list. what people need to remember, these are the big names that could impact pennant races now. >> let's talk how many game suspensions, what are you hearing? >> could be basically remainder of the regular season. they want to get these done. if any of the teams make the playoffs, major league baseball wants the guys eligible for the post season. or maybe the teams want them to be able to come back and play in the toast season. it's important that they try to get the suspensions handed down. ryan braun was 65 games. regular season. post season. nelson cruz, a guy they want to get back. jhonny peralta, they want to get him back. >> tell us about the teams that will be hurt right now. >> the rangers, if texas loses nelson cruz. the team's struggled since losing josh hamilton to free agency. the yankees -- any third
. >>> all right. when we come back, four more cities go bust like detroit, is it time to take on pensions like the private sector is doing right now. >>> but first, stop the presses, the billionaire founder of amazon is buying a big newspaper. why another billionaire ventured into the exact same business is saying he has no idea what he's getting into. daily specials. saturday, the commander hub style blind and the big game stealth deluxe ladder stand are under $80 each. bass pro shops. your adventure starts here. his dad knows he's not. that's why dad got allstate accident forgiveness. it starts the day you sign up. [ female announcer ] with accident forgiveness from allstate, your rates won't go up just because of an accident, even if it's your fault. call 866-735-9100 now. kim and james are what you might call...overly protective. especially behind the wheel. nothing wrong with that. in fact, allstate gives them a bonus twice a year -- for being safe drivers. [ female announcer ] get two safe driving bonus checks a year for driving safely. switch to allstate today! call an allstate age
systems and others who believe they are owed money by detroit, are up against the clock to legally voice opposition to the largest bankruptcy filing in u-s history. a federal judge set today august 19th, as the eligibility objection deadline in the bankruptcy petition by detroit's state-appointed emergency manager kevin orr. it's one step in a process that could take months or years to complete if detroit is approved for bankruptcy protection. the city has until september sixth to file its responses. washington already has the nation's highest state minimum wage at $9.19 an hour. now, there's a push in seattle, at least, to make it $15. so far, the city council and mayoral candidates have said they'd consider it in the famously liberal city. but not anytime soon according to one official. supporters say the move would be good for the economy, by putting more money in the hands of regular consumers. but some businesses advocates say a higher minimum wage will make it harder for companies to survive. could save you fifteen percent or more on car insurance. mmmhmmm...everybody knows that. w
ganan 34 a 27... wipe vo ===wipe=== --que noche para tom brady en casa de los leones de detroit... brady hoy lanzo su primera intercepcion del aÑo y ademas fue derrumbado en 2 ocasiones para un total de 4 balones perdidos en tan solo la primera mitad del encuentro... completo 16 de 24 intentos para 185 yardas sin anotaciones... por su parte para detroit, stafford y moore se combinaron para un total de 3 anotaciones.. marcador final 40 a 9 lions sobre patriots... wipe vo ===wipe=== --hablando de los patriotas, aaron hernandez, hoy jueves fue formalmente acusado de asesinato en primer grado por la muerte de su amigo odin lloyd... hernandez ademas enfrenta otros cinco cargos relacionados con armas de fuego... detenido sin posibilidad a fianza, de ser hallado culpable podria enfrentar cadena perpetua... ===chroma key=== jf hoy los atleticos 2.5 detras de texas en la division, descansaron, maÑana estaran de visita en baltimore, despues viajan a detroit y estaran de regreso en casa hasta el viernes 30 para enfrentar a los tampa bay rays.. take vo --matt cain en tres y un tercio de entradas p
, still ahead here, how one woman fashions an informant plan for the homeless in detroit. >> because we don't need coats, we need jobs. she was angry about it. i'm not going to let you get off the hook with creating a bandaid. >> far more than a bandaid, it's what works. it's getting single moms out of shelters and into homes of their own. >> finally on america tonight, we introduce our series, what works. we visit a pocket of a bankrupt city where the idea of unemployment has been scrapped and one woman is helping others stitch together a better future. >> >> reporter: downtown detroit on a warm and beautiful summer day. for the sun seekers here, the biting chill of a michigan winter seems very far away. but in a warehouse, two miles from the city center, that's exactly what they're focused on. nine seamstresses working nine hours a day to turn out winter coats for the most vulnerable population, the homeless. it's a non-profit that employees women who have been homeless or living in shelters. their job is to sew winter coats to the destitute. it's founder is veronica scott, a graduate
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